Maven Securities LTD Has $3.99 Million Stock Position in Electronic Arts Inc. $EA

Maven Securities LTD reduced its position in Electronic Arts Inc. (NASDAQ:EA) by 15.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,458 shares of the game software company’s stock after selling 3,500 shares during the period. Maven Securities LTD’s holdings in Electronic Arts were worth $3,989,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in shares of Electronic Arts in the 2nd quarter valued at approximately $25,000. Ascentis Independent Advisors acquired a new stake in Electronic Arts during the 1st quarter valued at $27,000. Torren Management LLC raised its stake in Electronic Arts by 235.0% during the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after purchasing an additional 94 shares during the period. MV Capital Management Inc. purchased a new stake in shares of Electronic Arts in the fourth quarter valued at $28,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Electronic Arts in the second quarter valued at $31,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ:EA opened at $209.70 on Wednesday. The firm has a fifty day moving average of $208.70 and a two-hundred day moving average of $204.35. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. Electronic Arts Inc. has a 12-month low of $159.10 and a 12-month high of $210.20. The firm has a market capitalization of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The business had revenue of $1.99 billion for the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research downgraded Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Finally, Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $206.50.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the transaction, the insider directly owned 73,513 shares of the company’s stock, valued at $14,930,490.30. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the sale, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at $16,447,438.88. This trade represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,700 shares of company stock valued at $1,766,950 in the last three months. Insiders own 0.24% of the company’s stock.

Electronic Arts Profile

Electronic Arts Inc is a global interactive entertainment company that develops, publishes and distributes video games and related services. Founded in 1982 and headquartered in Redwood City, California, the company creates games for consoles, personal computers and mobile devices, and offers digital experiences through online platforms and live services.

EA’s portfolio includes sports franchises such as EA Sports FC, Madden NFL and NHL, as well as entertainment and action titles including The Sims, Apex Legends, Battlefield, Need for Speed, Dragon Age and Mass Effect.